Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It’s smart to calculate your effective tax rate each year to help you make adjustments to your ...

If you’re living or working in California, understanding how the California state income tax system works can help you plan better and possibly save money. The Golden State uses a progressive tax ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. The company's final tax bill may be slightly more or less than the ...

Compare what you paid in sales tax to your state and local taxes. Deduct the larger of the two. But there's a catch. Many, or all, of the products featured on this page are from our advertising ...

529 savings plans offer a tax-advantaged way to pay for education. The money you invest in a 529 account grows tax-free, and you don’t pay capital gains taxes on your withdrawals if you use them for ...